Key facts
- SK Inc. agreed to sell its stake in SK Siltron Co.
- SK Inc. is the holding company of SK Group.
- SK Siltron Co. is a chip materials affiliate.
- Doosan Group is the buyer.
- The sale price is 2.3 trillion won.
- The sale price is approximately US$1.6 billion.
- SK Inc. is selling its 70.6 percent stake.
- The deal is part of SK Group's restructuring efforts.
SK Inc., the holding company of South Korea's SK Group, has reached an agreement to sell its substantial 70.6 percent ownership stake in its affiliate, SK Siltron Co., to the Doosan Group. The agreed-upon sale price for this majority stake is 2.3 trillion won, which equates to approximately US$1.6 billion. This transaction is a significant component of SK Group's ongoing restructuring efforts, signaling a strategic shift for the conglomerate. SK Siltron is a key player in the production of chip materials, making its divestiture a notable move within the semiconductor supply chain. The deal will see the transfer of control from SK Inc. to Doosan Group, potentially impacting the competitive dynamics within the industry. Further details on the integration and future plans for SK Siltron under Doosan's ownership are anticipated.